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#PersonalFinance #Podcast for average folks. Covering #Budgeting #EarlyRetirement #FinancialPlanning tips to Squirrel Away Now to Earn Millions Later.

#PersonalFinance #Podcast for average folks. Covering #Budgeting #EarlyRetirement #FinancialPlanning tips to Squirrel Away Now to Earn Millions Later.
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#PersonalFinance #Podcast for average folks. Covering #Budgeting #EarlyRetirement #FinancialPlanning tips to Squirrel Away Now to Earn Millions Later.




MM015 How To Create A Money Binder

If you manage your family's personal finances, what would happen if the worst happened and you were no longer "available" to manage the household finances? In our house, I manage the finances, and Mrs. Modest is perfectly okay with that. If something happened to me, I don't know if my wife would know the location of all our assets. Enter, the money binder. In today's episode we talk about the importance of a money binder and how to create one today. IN THIS WEEK'S EPISODE - The importance...


MM014 The Simple Math Of Calculating Inflation In Retirement

Figuring out how to calculate how inflation affects your retirement savings is made out to be a super-complicated process, requiring advanced math skills. What's frustrating is that calculating how your retirement savings is impacted by inflation isn't all that difficult. In today's episode, we talk about the simple math of calculating inflation in retirement. IN THIS WEEK'S EPISODE - The over-complicated world of retirement calculators - A look at historical data to gauge rates of return...


MM013 The Power Of Small Dollars For Personal Finance

There's this misperception out there that you need to have a bunch of money socked away before you can invest in either a retirement account or taxable account. Some of this advice comes from popular pundits who promote a debt-free-first lifestyle, some of it comes from the legacy model of investment advisors that only work with clients with a minimum threshold of investable funds. The fact is, the sooner you start investing, no matter how small that number is, the more exponential the...


MM011 A Tribute To Moms

Let's take a quick departure from our regularly scheduled personal finance programming to talk about moms, specifically about the two most important moms in my life, Mama Modest and Mrs. Modest. It's because of the money management principles that my mom (tried) to instill in me early on in life. So, today's episode is a quick tribute you, Mom. Show Notes:


MM010 Setting SMART Personal Finance Goals

That which is measured improves. Easier said than done when you're trying to figure out your personal finance goals for the next 30 years. So how do you keep you personal finance goals on track? It all starts with SMART goal setting. In this episode we'll work through the foundations of setting big and small SMART personal finance goals so you can stay on track to reach your modest millions. IN THIS WEEK'S EPISODE - The importance of setting goals for your personal finances - What are...


MM009 Being Happy With Having Enough

Society encourages us to work hard so we can keep working our way up the corporate ladder so we can ultimately find success at the top. Along the way, we'll see our income increase and almost inevitably so will our lifestyle. But, as we're chasing happiness and always looking for more, what happens when we realize that happiness might have been at our heels the entire time. It's time to put our personal and financial goals ahead of what society tells us our goals should be. IN THIS WEEK'S...


MM007 Tax Day Takeaways

Today is Tax Day in the U.S. It’s a day dreaded by many, but hopefully this year's tax season was relatively stress-free and free of any major surprises for you. As we wrap up one tax year and plan for the next, it's time to look back at what you would have done differently and make some Tax Year's Resolutions for this coming year. IN THIS WEEK'S EPISODE Discussing the value of looking back at the previous year's taxes Taking learnings from last year and planning for this coming year...


MM006 Understanding Retirement Accounts- IRAs

Sometimes you don't have access to a 401(k). Sometimes you want to have more control over which funds you're investing in. Sometimes you just want to have more retirement savings vehicles available to you. The IRA is the unheralded hero of the modern-day retirement savings plan. Find out why. IN THIS WEEK'S EPISODE - Understanding the basics of IRA accounts - Detailing traditional and Roth IRAs, SIMPLE IRAs, SEP IRAs and Individual 401(k)s - How do IRA contributions work? - Breaking down...


MM005 Understanding Retirement Accounts- Traditional 401k

You've heard of 401(k)s at work, and heck you might (hopefully!) contribute to one. But do you really know how they work and how they can maximize your retirement savings? Let's dive in and learn more about the Traditional 401(k) account. IN THIS WEEK'S EPISODE: - Understanding the basics of a Traditional 401(k) account - How do contributions work for a Traditional 401(k)? - Breaking down the ins-and-outs of how a Traditional 401(k) works in retirement - How you can track management fees...


MM004 What Is The Four-Percent Rule And Is It Right For Me

Have you heard about the 4% Rule and how you can use it to safely make withdrawals from your savings in retirement? It can be a simple rule of thumb to make sure you’re able to withdraw enough money to cover your retirement expenses without needing to worry about running out of money before you run out of retirement. That would not be good. IN THIS WEEK’S EPISODE - Overview of the 4% Rule - Figuring out withdrawing for income or expenses - Talking about LearnVest and when to seek...


MM003 The New Retirement Model And The Goldilocks Goal

“Retirement” is such a dated term. It conjures images of senior citizens who have worked their whole life, only to retire with nothing to do. What if, instead, people gained financial independence so they could have the option to put their life skills to work and supplement their retirement income, allowing them to “retire” much earlier in life? IN THIS WEEK’S EPISODE - Traditional retirement model - New retirement model - The concept of “having enough” - Introducing the Goldilocks Goal -...


MM002 How To Set Up A Budget

Today, we tackle how to set up a budget, the cornerstone of any personal finance plan. The household budget is where it all starts, and without a firm foundation in place, it’s easy for our long-term savings and retirement goals to slip from our grasp. That changes today when we work to conquer the household budget keep more of our hard-earned dollars. Budget nerds, unite! IN THIS WEEK’S EPISODE - Budget essentials - How to track expenses, especially discretionary spending -...


MM001 Breaking The Rules Of Retirement- A Manifesto

On today’s inaugural episode, we talk about the goals and objectives the podcast, household budgeting, the difference between “retirement” and “personal finance” one of the first tools I used while getting a handle on our personal finances and I’ll give you a little background info as we chart our household’s journey to Modest Millions. IN THIS WEEK’S EPISODE: - Personal finance principles - Budgeting basics - Household budgeting - Objectives and goals of this podcast - Difference between...